Martina Su
short-term rental advice hawaii
19 July 2024 | 2 replies
Another insights i am looking for is also the most optimized property size, is it 2 bed/1-2 bath or should i go bigger with 3 beds/2-3 bath?
De'andre Williams
Real Estate Tech Talk!
20 July 2024 | 8 replies
Their machine learning capabilities can automate tasks, score leads, and even provide sales forecasting, giving you valuable insights to optimize your sales process.
Chris C.
Real wealth matrix
19 July 2024 | 5 replies
Been looking at a structure which will be optimal for having a portfolio of rental properties, financial investments, and all the other general life stuff, which will assist in asset protection, as well as tax liability etc.Thoughts on this?
Grant Stepanic
10 Steps To Take For Out Of State Investing
18 July 2024 | 2 replies
Options may include traditional mortgages, private lenders, partnerships, or even self-directed IRAs.Calculate all potential costs including property acquisition, renovations, property management fees, taxes, and maintenance.Property Selection and Due Diligence:Use your local team to scout properties that match your investment criteria.Conduct thorough due diligence including property inspections, financial analysis, and reviewing rent comparables (rental rates in the area).Make Offers and Negotiate:Submit offers based on your research and due diligence.Negotiate terms that are favorable to your investment goals, taking into account potential repairs or improvements needed.Close the Deal:Once your offer is accepted, work with your local team to complete all necessary paperwork and close the transaction.Ensure all legal aspects are handled properly, including title searches and property inspections.Manage Property Remotely:Hire a reputable property management company to handle day-to-day operations such as tenant screenings, rent collection, maintenance, and emergency repairs.Establish clear communication channels and expectations with your property manager.Monitor and Adjust:Regularly review your investment performance and financial metrics (cash flow, occupancy rates, expenses).Stay informed about market trends and adjust your strategy as needed to optimize returns or mitigate risks.Long-Term Strategy and Growth:Evaluate opportunities for portfolio expansion or diversification in the same or different markets.Continuously educate yourself on real estate investing best practices and market dynamics to make informed decisions.By following these steps diligently and leveraging local expertise, you can effectively navigate the complexities of out-of-state real estate investing and build a successful portfolio over time.
Account Closed
How to get to $30k/month if you were me?
23 July 2024 | 42 replies
Good luck Thank you for taking the time to reply, and for your general optimism.
Mark S.
Investing in Turnkey International Coffee Farms
19 July 2024 | 35 replies
That a boy, Eric Tait , someone with a degree of optimism on this thread.
Mike V.
An update from Kauai
17 July 2024 | 3 replies
What is your take on the most optimized property type to invest as a short-term rental in Kauai. is it 2 bed/1 bath, 3 bed/2 bath.
Saeed J.
Looking for a less volatile market for my first investment property
18 July 2024 | 40 replies
Additionally, there is current optimism with the new mayor, who is focusing on economic development and infrastructure improvements and literally cleaning the city block by block, further enhancing the city's investment appeal.
Mohsin Mazhar
Thinking of Quiting
17 July 2024 | 37 replies
We also had that issue with several properties that had a lot of cash flow in the spreadsheet but not as much in reality, and have optimized our portfolio now to focus only on locations with high rent and value appreciation.
Joe Dvorak
STR opportunity but some obstacles
16 July 2024 | 1 reply
They have been long-distance self-managing but it seems like they haven't been able to fully optimize the rental income.